On motion of TRUSTEE____________, seconded by TRUSTEE _______, the following resolution was adopted by the Board of Trustees of the Village of Croton-on-Hudson, New York:
WHEREAS, the Village Manager, Village Treasurer, and staff periodically review capital projects, and
WHEREAS, after the last review, it was determined that several projects had been satisfactorily completed and in need of additional funding; and
WHEREAS, after the last review, it was also determined that several projects had been satisfactorily completed and left with a surplus of funds; and
WHEREAS, in accordance with Generally Accepted Accounting Principles and General Municipal Law, a municipality’s governing body must approve the closing of completed projects and authorize additional funding as necessary or authorize the transfer of balances back to the respective fund,
NOW THEREFORE BE IT RESOLVED: that the Village Treasurer is hereby authorized to transfer funds as necessary either to or from fund balance or to debt service as detailed in the attached schedule.
Date: September 15, 2008